From a technical point of view, on intraday chart we have an interesting support area just below 1900. If a bullish reaction appears, wait for the clear signal (wave A) and try to take Long position on pullback (wave B). Trade with care Like | Share | Comment PREVIOUS SETUP
Technical analysis Elliot Wave Theory perspective - the price is in a small corrective uptrend, as marked in the chart. Don't get too hyped on this and remember, the market is unpredictable, but for now I will mark this as LONG, for a short time. On the 30-minute chart, the EUR/USD currency pair is currently trading in a range between 1.0685 and 1.0695. The...
Technical analysis The price is currently in a downtrend, please see the chart marks and the technical explanation below. 30-minute chart On the 30-minute chart, USD/CAD is currently in a downtrend. The price is below the 200-period moving average, and the relative strength index (RSI) is below 50. This suggests that momentum is to the downside. 4-hour...
The historical rise has been a compound rise, not an impulse. This indicates that all this rise is nothing but a correction, and it represents 61% Fibo of the length of the previous downward wave.. It is expected for it to drop to the shaded area in order to end the historical correction of the currency.
From Elliot's rules, we find that the price made three historical downward waves, then corrected in three other waves, and it is expected to decline in five large waves in order to end the historical decline of the currency
Many of you already know this big picture on daily chart, in the last few weeks we have been following this beautiful rally. Having said that, the trend is bullish on daily chart, but at the same time we don't rule out some corrective structure i short term. From a technical point of view, we have shown on the chart two potential areas useful for trying to take a...
MUFG's price has been following a complex corrective pattern (WXY). This correction was confined within a corrective channel. An attempt to break out of this channel to the upside previously failed, indicating ongoing correction. Recently, there has been a breakout above the upper channel line. This breakout suggests that the WXY correction may have...
On a smaller timeframe, the DXY price direction is still not fully decided. According to the current analysis, we are currently in a Wave 4. The price will correct on the downside soon. I marked 3 potential levels where it can retrace. It is not mandatory for the price to touch them all, however, the price can go even lower than the marked levels - it's all up to...
Here's the other analysis on this pair for the higher time. It serves as a bullish confluence on the previously posted daily chart of cadchf. Go LONG!!!
the general rule for raising wedges give some price drops ,looking into the pattern it is imminent a drop can take place in coming days.. Rsi is making divergence ,wrt price and volumes are exhausted.
18 September 2023 If B breaks 5, This setup is Not Valid. If Monday's candle continues to go higher and enters Zone C, wait for price action to enter Sell. If does not have a good confirmation, we will see a change of trend of retracement.
CVS Health Corporation consistently going up with convergence on rsi scale and with good volumes . the price can break 1st resistance after a small drop and can reach 0.6 fib levels where a sell must be initiated
I don't want to spend much time explaining and just move straight to the point. I am using Demand and Supply with Elliott wave for this analysis Look at my previous analysis here From my previous analysis Price completed 5 wave movement which ended @ 1901 as opposed to my projection at 1904, and it has shown a clear rejection at the demand zone highlighted on...
Telsa after long bearish trend pushing prices with higher high and higher low patterns indicating a near bull run scenario to be take place. the convergence from point 2 to point 5 can act as bullish reversal and can push price to 1k USD or even more upside probably making tesla a multi bagger stock. As fundamentals are strong and TA giving green signal you can...
more side way movements in weekend, it seems there is 1 more push down to 23400-24200 level, hopefully it finishs the large scale of WXY by then
In the last few sessions we have seen an interesting consolidation on intraday chart. From a technical perspective, this bearish leg could also be a 12345 impulsive structure. That said, some corrective structure is possible in short term. In this specific case, the problem is not "if" we reach the Target, but "when" we will reach it and from where the technical...
From the first look, and according to the Elliott rules, Bitcoin rose from the bottom in three waves, not five waves. This is a corrective rise, not a motive, and it is supposed to visit the bottom again. All data has been shown on the chart and based on Elliott rules Note: The analysis fails if it closes above the C region, which is $32000 Please clarify that I...